The total external debt increased, in January 2024, by 4.314 billion euros, up to 173.126 billion euros, and the current account deficit grew by 78.7%, to 1.358 billion euros, the National Bank of Romania informs on Friday through a press release."The current account of the balance of payments recorded a deficit of 1,358 million euros, compared to 760 million euros in January 2023. In its structure, the balance of goods recorded a deficit smaller by 229 million euros, the balance of services recorded a smaller surplus by 351 million euros, the primary income balance recorded a deficit of 376 million euros compared to a surplus of 27 million euros in January 2023, and the balance of secondary incomes recorded a smaller surplus by 72 million euros," the press release reads.According to the source, with regard to external debt, the long-term debt amounted to 125.244 billion euros on January 31, 2024 (72.3% of the total external debt), up by 3.4% compared to December 31, 2023, and the debt in the short term reached the level of 47.882 billion euros (27.7% of the total external debt), increasing by 0.5%.The long-term external debt service rate was 11.2% in January 2024, compared to 17.4% in 2023.The degree of coverage of imports of goods and services on January 31, 2024 was 6.3 months, compared to 5.6 months on December 31, 2023.The degree of coverage of the short-term external debt, calculated at the residual value, with foreign exchange reserves at the BNR on January 31, 2024 was 99.9%, compared to 97.4% on December 31, 2023.
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
More than 108,000 Romanian households changed their electricity providers in June, just before the country returned to a liberalized energy market, according to George Niculescu, president of the National Energy Regulatory Authority (ANRE). “Today, after more than three and a half years, we return to a free electricity market - a market for the consumer! […]
The Romanian Constitutional Court (CCR) has reinstated Traian Băsescu’s rights as a former president, granting him lifelong state benefits, including a monthly allowance, protocol residence, and permanent security. The court ruled unanimously that a 2001 law, which stripped former presidents of these privileges if found to have collaborated with the communist-era Securitate, is unconstitutional, Biziday.ro...
Mihai Leu, former world boxing champion and national rally champion, has died at the age of 56 after a long battle with cancer. He passed away on Tuesday evening, July 1, at Fundeni Hospital in Bucharest, where he had been hospitalized in June with pulmonary failure, Biziday.ro reported. His death was confirmed on his official […]
A new drone attack took place near Romania's border on the night of Tuesday to Wednesday, with two F-16 aircraft of the Romanian Air Force being scrambled to monitor the aerial situation, the Ministry of National Defence reported."The Russian Federation resumed drone attacks on civilian and port infrastructure targets in Ukraine during the night of […]
Romania maintains its firm commitment to the modernization and adaptation of its armed forces, in close cooperation with its American partner, thus consolidating its position as a pillar of stability within the North Atlantic Alliance and in the Black Sea region, the Ministry of National Defense (MApN) informed on Tuesday.The message was sent in the […]
